Bankruptcy (Désastre) (Amendment No. 6) (Jersey) Law 2012

A LAW to amend further the Bankruptcy (Désastre) (Jersey) Law 1990.

Adopted by the States                                          25th September 2012

Sanctioned by Order of Her Majesty in Council 12th December 2012

Registered by the Royal Court                              21st December 2012

THE STATES, subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law –

1        Amendment of Article 32 of the Bankruptcy (Désastre) (Jersey) Law 1990

After Article 32(1)(a) of the Bankruptcy (Désastre) (Jersey) Law 1990[1] there is inserted the following sub-paragraph –

“(aa)  where under the Banking Business (Depositors Compensation) (Jersey) Regulations 2009[2] –

(i)      the debtor is a bank in default, and

(ii)      a right of an eligible depositor in respect of an eligible deposit held by the debtor is vested in the Jersey Bank Depositors Compensation Board,

in payment to that Board of the total amount due to the Board by virtue of all such vested rights in relation to that debtor, but not exceeding the total amount payable by the Board in respect of that debtor as compensation to depositors under those Regulations;”.

2        Citation and commencement

This Law may be cited as the Bankruptcy (Désastre) (Amendment No. 6) (Jersey) Law 2012 and comes into force 7 days after it is registered.

a.h. harris

Deputy Greffier of the States



[1]                                    chapter 04.160

[2]                                    chapter 13.075.30

Page Last Updated: 27 Apr 2016